Trump Plans to End Tax Credit for EV Cars
I would have to think Elon Musk must have approved of this idea if Trump is planning to do this probably betting that tariffs on foreign EV competitors are also coming:
U.S. President-elect Donald Trump’s transition team is aiming to end a tax credit for electric vehicle (EV) purchases, a key element of President Joe Biden’s Inflation Reduction Act (IRA), as part of broader tax reform legislation, Reuters reported Thursday, citing two unnamed sources.
The potential repealing of the $7,500 consumer tax credit is being discussed in meetings by an energy-policy transition team, which is headed by Harold Hamm, founder of Continental Resources, and North Dakota Gov. Doug Burgum, according to the news agency.
The removal of the credit could have an impact on EV sales and affect EV-producing companies and battery manufacturers. Naysayers have argued that ending the credit would impede a transition to EVs.
Tesla representatives have told a Trump transition committee they support repealing the subsidy, Reuters said.
You can read more at the link.
Come on GI, are you seriously thinking Trump will hurt his right-handed Musk, who pets and jerks Trump’s organ? It’s obvious what’s going to happen. Trump will end all EV subsidies unless the EV is a Tesla made in the USA by real American workers. Remember, it’s the America-Only policy.
“Remember, it’s the America-Only policy.”
Hahaha! You zipperheads have becomed so accustomed to American leaders selling America out that an America First policy seems somehow subversive.
Good, EVs are basically the government mandated Ford Pinto or Chevy Corvair….unsafe at any speed including 0.
Another EV in flames in a parking garage in Korea….Asan yesterday. https://www.mk.co.kr/en/business/11168676